Saudi Arabia's Sabic awards $67m contract to Germany's Bilfinger
European contractor to deliver mechanical, electrical, and instrumentation engineering services for Saudi Aramco-backed giant
German builder Bilfinger has been awarded a contract worth $66.8m (SAR250.4m) by Saudi Arabian Basic Industries Corp (Sabic) UK Petrochemicals Ltd that will see the European company providing mechanical, electrical, and instrumentation engineering services, in addition to access insulation, painting, and asbestos management and removal for the Saudi Aramco-backed chemicals giant's Teesside site.
According to a report by Construction Week's sister title Refining & Petrochemicals Middle East, Bilfinger will dedicate approximately 200 of its 2500 employees to engineering and maintenance services for Sabic.
The contract spans a four-year period, RPME reported.
Bilfinger’s services for process industry customers include design and build, automated control and electrical systems, installation and commissioning, and operations and maintenance.
State-held energy giant Saudi Aramco, the developer behind some of the world’s largest oil and gas projects, acquired a 70% stake in Sabic this March from the Crown Prince HRH Mohammed Bin Salman-led Public Investment Fund in a transaction valued at $69.1bn (SAR259.1bn).